Trading volume for bitcoin and ether futures surpassed $32 trillion in 2021
December 27, 2021, 1:14PM EST
1 min read
The combined trading volume of bitcoin (BTC) and ether (ETH) futures surged over $32 trillion in 2021, according to The Block Research.
That figure, based on data as of December 27, is a massive 338% increase compared to 2020 trading volumes. Last year, bitcoin and ether futures saw a combined trading volume of over $7 trillion.
The month of May had the highest trading volume in 2021 for both bitcoin and ether futures, with a combined value of over $4 trillion. Binance is the market leader for both bitcoin and ether futures trading markets.
The year 2021 was also a record year for crypto spot trading volumes. Centralized crypto exchanges reported over $14 trillion worth of trading volume during the year, and decentralized exchanges saw over $1 trillion worth of trading volume.
Today the always-on demands of online markets have to be matched with the ability to access opportunities instantly and with no limits. Historically correspondent banks would move large sums of money for those needing to transfer funds while creating bottlenecks of unnecessary friction.
Ethereum had a breakout year in 2021. It’s native asset, ETH’s, market capitalization surpassed $500 billion for the first time. Its network facilitated upwards of $7 trillion value transfer. Non-fungible tokens (NFTs) emerged as another “killer application” that have put its technology on the global stage and caught the attention of the masses.
In this episode of The Scoop, StarkWare Co-Founders Uri Kolodny and Eli Ben-Sasson walk through StarkWare's recent fundraise and discuss how their firm is bringing affordable blockchain transactions to the masses.